Real Estate Market Predictions for 2020
There are a few things that traditionally impact the real estate market – negatively or positively, and sometimes it’s hard to predict. Your interest in real estate market predictions is driven by your status as a homeowner – are you planning to buy or to sell? Are you renting? Are you looking to invest? Are […]
Ready to Look at Some Houses?
Let’s talk about making this happen! Feel free to reach out via my website or call me at 908-432-0318. Still want to know more about me and the team before your consultation? We have all kinds of information about us on the team page on our website. Click here for client testimonials or here for […]
First Time Home Buyer?
Are you a first time home buyer? Got the jitters? I bet you do, but don’t worry, The Blanchard Team strives to put you immediately at ease! One of the biggest mistakes first timers make is underestimating how important it is to get pre-approved. I can’t tell you how often a new client says, “It […]
The Fed Cut Rates – Again!
If you watched my video last weekend you know that I shared that the Federal Reserve was meeting this week and that a third rate cut was on the table. The official announcement was just made: The rate cut brought the Fed’s benchmark interest rate to a target range of 1.5 percent to 1.75 percent. […]
Interest Rates – Bank Rate
Mortgage rates jumped across the board this week after positive news from the U.S. trade talks with China. The benchmark 30-year fixed-rate mortgage rose this week to 3.92 percent from 3.77 percent, according to Bankrate’s weekly survey of large lenders. A year ago, it was 5.01 percent. Four weeks ago, the rate was 3.97 percent. […]
Mortgage Rates Keep DROPPING!
Mortgage rates fell across the board this week. The benchmark 30-year fixed-rate mortgage fell this week to 3.77 percent from 3.83 percent, according to Bankrate’s weekly survey of large lenders. The 15-year fixed mortgage rate also fell to 3.15 percent from 3.20 percent a week ago. Here’s a snapshot of mortgage rates as of last […]
A Few Minutes with Jen – How will a Recession Impact the House Market
You have probably heard that in the next 12-18 months economists predict that America is likely to slip into another recession. What impact might that have on the housing market? Consider these results from a recent Realtor.com survey: 53% of customers currently in the market believe a recession will occur this year or next. 57% believe […]
A Few Minutes with Jen: Let’s Talk About Interest Rates
Count Down to September… It’s almost Labor Day, the last hurrah before school starts. Yesterday I dropped my son at Rutgers University for his freshman year. Last week my two older kids moved into their respective dorms. So it is already quiet in our house… even though we have one chick-a-dee still here at home […]
Busting the Myth About a Housing Affordability Crisis
It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home that matters, but the price relative to a […]
Is Mortgage Debt out of Control?
This is an interesting perspective. You really need to look at the WHOLE picture. The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in […]